TFS Gulf
  • All categories
    • inPractice
    • Entrepreneur Story
    • Finance Leaders
    • Videos
TheFinanceStory
No Result
View All Result
  • Login
  • Register
  TFS Gulf
  • All categories
    • inPractice
    • Entrepreneur Story
    • Finance Leaders
    • Videos
The finance story
No Result
View All Result
  • Login
  • Register
The Finance Story
No Result
View All Result

TaxGPT raises $4.6M to build “AI Tax Co-Pilot” for accounting & tax Firms

TaxGPT, an AI-powered tool offering quick and expert-verified answers to complex tax queries raised funding from top investors, including Rebel Fund, Mangusta Capital, Y Combinator, Launch, and iSeed Ventures.

The Finance Story by The Finance Story
Published date: 7th February, 2025
Last edited date: 8th February, 2025
SHARE (0)
TaxGPT Raises $4.6M, the first AI Co-Pilot for Accounting and Tax Firms
Share on FacebookShare on Twitter
  • TaxGPT, the world’s first AI tax co-pilot, just locked in $4.6M in funding!
  • Big names like Y Combinator, Mangusta Capital, and Launch are backing this game-changer.
  • Guess what they already have clients! 10,000+ CPAs, tax lawyers, and enrolled agents are already using it to serve 250,000 clients. 

Peek into the journey of TaxGPT’s founders!

First things first, co-founder Kashif Ali made it clear on social media that —TaxGPT isn’t just another accounting tool trying to cash in on the AI trend!

Now let us jump to the idea of how the idea was born in 2023!

Kashif and Isabella, a husband-and-wife duo, had been married for just two weeks.

Yet, something as simple as deciding whether to file their taxes jointly or separately took them a considerable amount of time to figure out.

They realized just how complicated and time-consuming accessing basic tax info could be.

That’s when the lightbulb moment struck. And that’s how TaxGPT was born—an AI-powered solution to make tax research fast, easy, and efficient.

Also, Kashif shared his challenging journey of entrepreneurship on LinkedIn.

He writes,

“8 years ago, I was flipping burgers in Tenderloin.

18 months later, I was working for Adobe.

4 years ago, I started a company with $60,000 in personal savings.

3 years later, I was a complete failure, with $40,000 in credit card debt, two failed companies, and burnout.”

More on TaxGPT Founders

  • Kashif Ali – CEO & Founder (Over 15 years of experience in digital media, web development, and entrepreneurship)
  • Isabella Maceda-Ali – CTO & Co-founder (Background in Software Engineering in companies like Oracle)
  • Andrew Sedlacek – Founding CPA (Over 10 years of experience in tax)

Now, what problem is TaxGPT solving?

TaxGPT is on a mission to boost productivity by 10x for accountants & tax professionals. And how are they doing this?

  • Instant Answers to complex tax questions
  • Automated Tax Memos & Client Responses
  • Generating tax memos efficiently

Most importantly why AI in Tax even matters?

  • The number of accounting graduates is declining at an unprecedented rate.
  • 75% of CPAs could retire in the next 10 years
  • As per reports, Tax complexity costs Americans $260Bn a year

All of this has created a massive need for automation and making AI-driven efficiency crucial.

You could say, that TaxGPT is stepping into the market at a time when AI is desperately needed.

How much does it cost?

From the internet, we gathered that the starting subscription costs $1,000 per year per seat.

TaxGPT offers extensive tax research resources and advanced tools, making it a cost-effective solution for enhancing accuracy and efficiency.

Also read: Thomson Reuters acquires Materia, an AI assistant for tax, audit, & accounting

What are TaxGPT users saying?

Well, we could not get more details but a glimpse into Reddit and we did get mixed replies! But again that was a year ago!

Also read: AI-agent for “Accountants” backed By Khosla Ventures raises $34Mn 

Investors

On February 6, 2025, TaxGPT announced seed funding from top-tier investors, including,

  • Y Combinator,
  • Rebel Fund,
  • Mangusta Capital,
  • Launch
  • iSeed Ventures,
  • Converge Fund,
  • TRAC AI/VC Unicorn Fund,
  • Goodwater Genesis,
  • CRV Disrupt Fund,
  • Principal Venture Partners

Other prominent investors include,

  • Kulveer Taggar,
  • Jason Calacanis,
  • Co-founders of Truebill

How do they plan to use the funding?

They intend to utilize the fresh capital to,

  • Accelerate product development,
  • Expand sales and marketing efforts,
  • Onboard top engineering talent
The Finance Story

The Finance Story

Recommended for you

CAs retain exclusive Tax Audit rights; CMAs, CS excluded
Chartered Accountant

CAs Retain Exclusive Tax Audit Rights; CMA, CS Officially Excluded

23rd July, 2025 | 4 mins read
Saudi's $500Bn ‘Line’ Project under review as costs surge
News

Saudi’s $500Bn Megacity Project under review: McKinsey in spotlight

22nd July, 2025 | 3 mins read
Figma’s $100Mn AWS Cloud Bill. Are CFOs paying attention?
CFO

Figma’s $100Mn AWS Cloud Bill. Are CFOs paying attention?

14th July, 2025 | 4 mins read
Indian CA Firms may finally be allowed to advertise 
InPractice

CA Firms may be allowed to advertise?

10th July, 2025 | 3 mins read
Big 4 US, UK graduate jobs are vanishing: Thanks to AI & Offshoring
Big 4

Big 4 replace graduate roles with AI & Offshoring?

10th July, 2025 | 4 mins read
Italy approves 500,000 blue-collar visas
Cross Border

Italy approves 500,000 blue-collar visas. Big push to hire Non-EU workers

6th July, 2025 | 3 mins read
Next Post
Grant Thornton Bharat eyes Private-Equity stake sale?

Grant Thornton Bharat eyes Private-Equity stake sale?

Start conversation Cancel reply

Your email address will not be published. Required fields are marked *

Popular posts

  • KPMG Partner quits and goes Boutique with high end advisory firm: Now has 5+ offices & 75+ team

    KPMG Partner quits and goes Boutique with high end advisory firm: Now has 5+ offices & 75+ team

    0 shares
    Share 0 Tweet 0
  • Big 4 firms in India: Inside Deloitte, PwC, EY & KPMG career prospects, growth and salaries

    0 shares
    Share 0 Tweet 0
  • Designations in HDFC Bank: From Joining as an Assistant Manager to climbing to the rank of Managing Director.

    80 shares
    Share 0 Tweet 0
  • Big 4 India Partners jumping from one firm to another: High alert as Partner poaching surges

    0 shares
    Share 0 Tweet 0
  • CA Firms Kirtane & Pandit, Guru & Jana, SSKM unite to build India’s Next Big Global Consulting Firm

    0 shares
    Share 0 Tweet 0
  • Hierarchy level in ICICI Bank: Thinking of joining ICICI Bank? Here’s an overview of the employee grades.

    175 shares
    Share 0 Tweet 0
  • ICAI Under Fire: Women Removed from Front Row at CA Students’ Conference Following Guest’s Demand

    0 shares
    Share 0 Tweet 0
  • EY, PwC, Deloitte surpass 3,300 Partners. EY added 1000+ new Partners

    0 shares
    Share 0 Tweet 0
  • UK firm outsourced accounting work to India but quality dropped: Now established his own offshore unit

    0 shares
    Share 0 Tweet 0
  • Deloitte India offers ‘Golden Handshake’ to senior Partners aged 55 & above. Plans to elevate young partners.

    0 shares
    Share 0 Tweet 0
The Finance Story

The Finance Story empowers finance professionals—CFOs, consultants, accountants, tax experts, and bankers—to navigate critical market shifts, industry disruptions, and emerging technologies & trends.

How? We spotlight key opportunities in India and globally, equipping finance professionals with the insights and strategies to drive business growth, optimize decision-making, and position their companies at the forefront

Quick Links

  • Finance
  • Partners
  • Privacy and Policy
  • Terms of use

Follow us

  • /TheFinanceStory
  • @TheFinanceStory
  • /TheFinanceStory
  • @thefinancestory_com
  • TheFinanceStory

© 2022. The Finance Story. All Rights Reserved.

No Result
View All Result
  • TFS Gulf
  • Entrepreneur Story
  • Finance Leaders
  • Videos
  • Login
  • Sign Up

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We use cookies to personalize your experience. By continuing to visit this website you agree to our use of cookies.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Book 1:1 call with industry expert